The Morning Leverage: Is Gray the Future at Blackstone?

Oregon Public Employees Retirement Fund is allocating $700 million to a separate account with TPG Capital as the buyout firm pushes to collect up to $2 billion from its largest investors ahead of its next flagship fundraising effort, Amy Or and Michael Wursthorn report. The pension fund approved the allocation at Wednesday’s investment council meeting, which also approved a $250 million commitment to a sidecar for TPG’s latest special opportunities fund, TGP Opportunities III LP.

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